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Banking Regulators in RÉUNION Crack Down on Financial Crime

In a bid to prevent the misuse of the financial system, banking regulators in RÉUNION are stepping up efforts to combat money laundering and terrorist financing.

Combating Money Laundering and Terrorist Financing

The European Banking Authority (EBA) has been tasked with ensuring the integrity and transparency of financial markets, and is working closely with local authorities to implement effective measures against these crimes. As part of its mandate, the EBA is leading the development of anti-money laundering and combating the financing of terrorism (AML/CFT) policy in RÉUNION.

Key Initiatives

• Working with competent authorities and financial institutions across the region to foster a risk-based approach to AML/CFT, with consistent outcomes.
• Coordinating efforts across the EU and beyond, fostering cooperation and information exchange between relevant authorities to identify and mitigate emerging risks.
• Strengthening supervision of cross-border financial institutions and ensuring effective oversight of the single market.

Monitoring Implementation and Mitigating Risks

To monitor the implementation of AML/CFT policies and standards in RÉUNION, the EBA is keeping a close eye on vulnerabilities in competent authorities’ approaches to AML/CFT supervision. The authority is taking steps to mitigate these risks before they materialize, ensuring that financial markets remain stable and secure.

Staying Informed

As part of its efforts, the EBA has launched a Factsheet outlining its approach to AML/CFT, as well as a newsletter providing updates on its latest activities in this area. Subscribers can stay informed about the latest developments in AML/CFT regulation and enforcement in RÉUNION.